decreeing that you work slowly. 11 It may indeed be a sufficient condition. Knowing the nature of the market is the key to being able to invest huge sums of your money over time with the absolute confidence that youre not doing anything stupid. Whereas top management, like salespeople, have to actually come up with the numbers.
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Its a neverending din like this, for every single stock, on every single stock exchange, throughout the world. An example of a job with both measurement and leverage would be lead actor in a movie. It's obvious that biotech or software startups exist to solve hard technical problems, but I think it will also be found to be true in businesses that don't seem to be about technology. If you make violins, and none of the local farmers wants one, how will you eat? Among other things, treating a startup as an optimization problem will help you avoid another pitfall that VCs worry about, and rightly- taking a long time to develop a product. We delighted in forcing bigger, slower competitors to follow us over difficult ground. Do you go up or down?
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